24. Annuities offered by life insurance companies are a financial contract that A. is used to build up a fund. B. pays only fixed returns to groups of employees. C. is used to liquidate a fund. D. pays only variable returns to individuals. E. None of the options. 25. Underwriting risk faced by property-casualty insurance companies may result from unexpected A. increases in loss rates. B. decreases in loss adjustment expenses. C. increases in investment yields. D. cancellations of policies by customers. E. increases in policy premiums